Your “Spend Down” Amount

When researching Medicaid, you may have heard the term “spend down” — but what does it mean? To be eligible for Medicaid to cover the cost of your nursing home or Medicaid at Home care, your remaining liquid assets must be below a certain dollar amount. To qualify for Medicaid, many people need to “spend down” their remaining assets until they get below that threshold. Unfortunately, Medicaid allows few uses of your remaining money other than paying for a nursing home or a funeral contract.

Medicaid4You, LLC has been approved by the State as an allowable “spend down” expense. 98% of our clients use their remaining funds to hire us.

What’s your spend down amount?

Below is a chart showing the maximum in liquid assets you’re allowed to have in order to be financially eligible for Medicaid. If your liquid assets exceed these figures, you’ll need to “spend down” on allowable services (like ours) until you reach your allowed maximum.

Connecticut

Single or surviving spouse

$1,600

If there is a spouse at home(“community spouse”)

$23,844 – $119,220

Massachusetts

Single or surviving spouse

$2,000

If there is a spouse at home(“community spouse”)

$119,220

Rhode Island

Single or surviving spouse

$4,000

If there is a spouse at home(“community spouse”)

$23,844 – $119,220

A note for married couples:

If you are applying for Medicaid for one spouse while the other spouse stays “in the community” (outside of a nursing home or without the use of Medicaid at Home), you may be able to keep half of your assets. For an example of how this process works, please click here to view a case study.

Ready to Get Started?

Don’t wait too long to apply for Medicaid. We would be happy to answer your Medicaid application questions now. Feel free to give us a call at 877-514-1102 or 860-657-3058 or fill out our contact form and a caseworker will contact you shortly with some help.

Available since 2014!

Client Testimonials

“Medicaid4You.com has been thoroughly attentive and helpful throughout the Medicaid application process. Their staff is knowledgeable and responsive to all our questions. Medicaid applications can be complicated and time consuming, and Medicaid4You.com has relieved us of that burden and worry.”

CALL NOW, TOLL-FREE, FOR A FREE CONSULTATION 877-514-1102 or 860-657-3058

Or complete our Contact Request Form for the best time to contact you. We will ask you a few questions to determine eligibility and whether or not we feel representation by an attorney is warranted. We will then assign you a case manager, who will send you a packet of information and authorizations. Your case manager will work exclusively on your case from start to finish.